Flexible retirement

From age 55, if you reduce your hours or move to a less senior position, you may be able to start receiving some or all of the pension benefits you have built up even though you are still working - helping you to ease into retirement. You can still build up pension in the Scheme.

You must have your employer's permission for flexible retirement.

Will my pension be reduced if I take flexible retirement?

If you take flexible retirement before your Normal Pension Age, your benefits will be reduced just as if you were retiring early.

If you are interested in flexible retirement please ask your employer what options they offer.